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sladkih [1.3K]
3 years ago
6

2 students are considering operating a fruit smoothie stand during their summer break. this is an alternative to summer employme

nt with a local firm, where they would each earn $2865 over the three-month summer period. a fully equipped facility can be leased at a cost of $8130 for the summer. additional projected costs are $2239 for insurance and $2.3 per unit for materials and supplies. their fruit smoothies would be priced at $6.7 per unit. what is the accounting cost if q = 1203?
Business
1 answer:
kotegsom [21]3 years ago
7 0
<span>The accounting cost of running the smoothing stand for the summer is $13,135.90. To find this, we must first figure out which numbers given in the problem are relevant. Since we are dealing with accounting cost (and not economic cost), we know that we can ignore the opportunity cost ($2865 in foregone wages). We also can ignore the price of the smoothies since we do not need to compute revenue in order to determine accounting cost. Thus, the relevant numbers are $8130 for the lease, $2239 for insurance, the per unit cost of $2.3, and the total quantity of 1203. To find the accounting cost, we simply need to add our fixed costs and our variable costs. The fixed costs are given as $8130 and $2239. FC=8130+2239=$10369. Our variable cost, VC=2.3q, and we are told q=1203. Thus VC=2.3(1203)=$2766.90. To find our Total accounting costs, simply add fixed costs plus variable costs. FC+VC=2766.90+10369=$13135.90.</span>
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3 years ago
A Restaurant is open only for 25 days in a month. Expenses for the restaurant include raw material for each sandwich at $4.00 pe
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   profit for the day           $ 2,001.64

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We should subtract from the revenue of the 200 sandwhich prepared and sold the variable cost to made the sandwhihc the loss for the lost sales and the proportional fixed cost considered are allocated among the 25 days which the restaurant is open.

200 x $15 dollars =             $ 3,000

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4 0
3 years ago
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances
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                                       debit      credit        debit      credit

supplies                       $2,000                    $3,500

prepaid Insurance      $8,000                    $6,000

salaries payable                           $11,000                  $16,000

unearned revenue                       $3,000                    $1,500

1. Purchases of supplies in December total $4,500.

Dr Supplies expense 3,000

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beginning balance = $2,000 + $4,500 = $6,500

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Dr Insurance expense 2,000

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Insurance expense = November 30's balance - December 31's balance

3. $11,000 is paid to employees during December for November salaries.

Dr Salaries expense 16,000

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The beginning balance of salaries payable = $11,000, then it was paid (balance = $0), so any ending balance represents wages expense.

4. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January.

Dr Unearned revenue 1,500

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unearned revenue balance Nov. 30 = $3,000

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8 0
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6 0
3 years ago
Jerry bought some pears at the store. he paid 4.59$ for 5.4 pounds of pears what is the unit rate?
Viefleur [7K]
To find the unit rate you will take the price Jerry paid and divide it by the amount in pounds of pears.

Unit rate = $4.59/5.4 lb
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You can check your answer by multiplying the amount of pears Jerry purchased by the unit price to get the total price. 
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8 0
3 years ago
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